NSDC is a not-for-profit company set up by the Ministry of Finance, under Section 25 of the Companies Act. It has an equity base of Rs 10 crore, of which the private sector holds 51%, while the Government of India controls 49%. This makes NSDC a one-of-its-kind public private partnership in education in India.
NSDC is a first-of-its-kind Public Private Partnership (PPP) in India set up to facilitate the development and upgrading of the skills of the growing Indian workforce through skill training programs. A large part of the organization's efforts are directed at the private sector and towards developing the skills in the unorganized sector in India.
NSDC supports skill development efforts, especially in the unorganized sector in India by funding skill training and development programmes. It also engages in advocacy and training programmes, in-depth research to discover skill gaps in the Indian workforce, and developing accreditation norms.
National Skill Development Corporation (NSDC) was formed to achieve the target of skilling / up skilling 500 million people by 2022 by fostering private sector initiatives in the skill development space. To support its various initiatives, NSDC is looking at creating an enabling environment by developing a robust research base for skilling. To that end we conduct studies to understand the geographical and sector wise skill requirements and on various subjects that can influence and enable the skilling environment in India.
Veerappa Nisty Engineering College has taken a step to join its hands with NSDC to impart skills to the youth to make them industry ready and bridge the talent gap in various industries. The institution aim at training the students through NSDC which help them to under go the sectors like Automotive, Retail, Telecom, Gem & Jewelery, BFSI, and ITES domain in the next 10 years. The NSDC has a MOU with the Training and Placement Cell to promote skill development through innovative models.